Dept. III: Finance

Lectures

The lectures at the Department of Finance cover a broad area of topics in the realm of finance.

Here you will find an overview of all available courses at the Department of Finance. For questions about specific courses please contact the semester supervising employees. You can find them in the direct links on the left hand side or contact the respective employee via email.

All course materials are available for download from the online learning platform ILIAS of the University of Stuttgart. 

Lectures in the Bachelor's degree program

The responsibility of department III for the courses offered in the module Business Administration II (BWL II)
currently covers the subject "Investment and Financing". The main focus with regard to content of this course is as follows:

Methods and techniques of static as well as dynamic investment calculations, capital budgeting, central forms of financing, cost of capital concepts, models of capital structure, investment and financing decisions under uncertainty and under risk, Portfolio Selection Theory, Capital Asset Pricing Model, options, neo-institutional economical basics.

The course is offered every summer semester and consists of a lecture and a tutorial.

Targets:

The students know the central tasks and decision models of international financial management with special attention to currency area cross-bordered transactions.

Content:

International financial and foreign exchange markets; currency theoretical and political conditions; foreign exchange efficiency and rationality of the market participants; economical currency risk management; financing and advantage evaluation of foreign direct investments; foreign trade financing; project financing; case studies.

The course is offered every summer semester and consists of a lecture and a tutorial.

Targets:

After completing the module, the students have deepened knowledge of central investment valuation methods in the areas of interest-bearing financial stocks and real investments.

Content:

Equlibrium models of capital market oriented assessment of equity and risk capital (primary shares), partial valuation models of participation contracts, selected questions concerning partial analytical evaluation of investment objects (useful life and substitution period); capital budgeting with imperfect capital markets; valuation of interest-bearing bonds, measure of interest rate risk, risk management via duration concepts, case studies.

The course is offered every winter semester and consists of a lecture and a tutorial.

Targets:

After completing the module, the students have deepened knowledge of selected theoretical and application oriented problems of investment and financial management.

Content:

Changing contents.

Lectures in the Master's degree program

Targets:

Students have in-depth knowledge of derivatives, i.e. forwards, futures, and options. They are able to price them and use them in different ways in the context of financial and risk management.

Content:

Introduction to options, forwards, and futures, no-arbitrage concepts, pricing of forwards and futures, American and European options, payoff diagrams for puts and calls, put-call parity, upper and lower bounds for option prices, pricing of options in the binomial model and the Black-Scholes model, trading and hedging strategies, risk management with derivatives, Option Greeks.

The course consists of a lecture and an excercise and is offered every Wintersemester.

Targets:

Students have in-depth knowledge of the valuation of firms. They understand the necessary accounting information and can critically review a company's key performance metrics. Students are able to forecast future cash flows that are necessary for the valuation of a firm. They can determine risk-adequate cost of capital. Students can apply different approaches to value a company and understand the specific assumptions and limitations of the models.

Content:

Analysis of financial statements to determine and forecast cash flows of companies, Du Pont analysis, models to determine the cost of capital, intrinsic valuation methos (Dividend Discount Model, Firm Free Cash Flow Model, Adjusted Present Value Model), relative valuation using multiples, real options approch.

The course consists of a lecture and an excercise and is offered every Sommersemester.

Targets:

The students are able to structure independently complex tasks from the area of Financial and Risk Management and to develop proposals for solution for it.

Content:

Changing contents.

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